Austria joins the list of states planning to introduce regulation of the crypto-currency market.
Hartwig Löger
“The cryptocurrencies are in the process of massively damaging the reputation of the financial market,” Mr. Löger insisted, “and jeopardizing the reputation of a young but very important sector for the financial market of the future,” arguing it will be a challenge to both regulate and allow for the nascent industries to grow.
(via: https://news.bitcoin.com/austria-wants-to-regulate-bitcoin-like-gold-and-derivatives/)
Regulations are on the way.
https://cointelegraph.com/news/austrian-finance-minister-considers-pan-eu-crypto-regulation-based-on-rules-for-gold
"Cryptocurrencies are significantly gaining importance in the fight against money laundering and terrorism financing," Finance Minister Hartwig Loeger was quoted as saying. As a result, he went on to say, "We need more trust and security."
https://www.coindesk.com/austria-cryptocurrency-regulation-icos-gold-derivatives/
Good! Regulations can only help make cryptocurrencies accessible and legitimate, prerequisites for mass adoption.